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MicroStrategy now holds 190,000 bitcoin
MicroStrategy now holds 190,000 bitcoin

MicroStrategy bought 850 more bitcoin in January

Blockworks·2024/02/06 23:40
SEC delays Invesco Galaxy spot ETH ETF, but May decisions are still expected
SEC delays Invesco Galaxy spot ETH ETF, but May decisions are still expected

The agency previously delayed BlackRock, Fidelity, and Grayscale proposals.

Crypto Slate·2024/02/06 23:30
SEC pushes back timeline for decision on the Invesco Galaxy Ethereum ETF
SEC pushes back timeline for decision on the Invesco Galaxy Ethereum ETF

Quick Take The agency previously delayed a decision on what to do next for the Ethereum ETF in December.

The Block·2024/02/06 23:20
MicroStrategy Now Holds 190,000 Bitcoin After January Purchase
MicroStrategy Now Holds 190,000 Bitcoin After January Purchase

MicroStrategy reached an even 190,000 BTC in January after a $37.2 million purchase.

Cryptopotato·2024/02/06 22:46
Streak Over: These Bitcoin Spot ETFs See First Day With Zero Inflows
Streak Over: These Bitcoin Spot ETFs See First Day With Zero Inflows

Inflows now only remain consistent for the top two newly launched Bitcoin spot Bitcoin ETFs.

Cryptopotato·2024/02/06 22:46
Solana’s DeFi users mostly unbothered by network outage
Solana’s DeFi users mostly unbothered by network outage

Solana’s price increased Tuesday despite the network experiencing its first outage in nearly a year

Blockworks·2024/02/06 21:58
DCG Slams Genesis’ Bankruptcy Plan as ‘Act of Bad Faith’
DCG Slams Genesis’ Bankruptcy Plan as ‘Act of Bad Faith’

DCG said that it cannot support a plan that is “unlawful” and “deprives” the company of its “corporate governance rights.”

Cryptopotato·2024/02/06 21:01
Flash
13:03
Core Inflation in the U.S. Eases, Alleviating Recent Concerns for the Federal Reserve
On June 10, U.S. CPI data for May showed that inflation soared to a three-year high, but the moderate rise in core prices eased Wall Street's concerns about interest rate hikes. Today's CPI data and tomorrow's PPI index are expected to influence the Federal Reserve's policy stance, which will be announced at the Fed meeting chaired by Waller for the first time in a week. According to the CME FedWatch Tool, before the CPI inflation data was released, the market had anticipated a 70% probability of the Federal Reserve raising interest rates by the end of 2026. However, the market believes that it is almost impossible for the Fed to raise rates at next week's meeting, with only a 13% probability for a rate hike in July. In the short term, the focus is on whether the Federal Reserve will clearly shift from a dovish stance to a neutral or hawkish stance at the upcoming meeting. This week's CPI and PPI inflation data, along with the progress of U.S.-Iran negotiations, may influence the balance between neutrality and tightening.
12:52
US Inflation Rate Returns to '4% Range' in May, Meeting Market Expectations
On June 10, it was reported that in May, the rate of increase in consumer prices in the United States reached its fastest level in three years. The conflict in the Middle East has driven up gasoline and other energy prices, providing further justification for the Federal Reserve to maintain interest rates unchanged until 2027. Data released on Wednesday showed that for the 12-month period ending in May, the Consumer Price Index (CPI) rose by 4.2% year-on-year, marking the largest increase since April 2023. Compared to the previous month, prices increased by 0.5%, following a 0.6% rise in April. The CPI has seen significant increases for three consecutive months, highlighting the growing pressure on households, as there are signs that more consumers are tapping into their savings to cover expenses. Additionally, the inflation rate has exceeded wage growth for the second consecutive month, which could adversely affect overall economic growth. Meanwhile, the sharp rise in the cost of living poses a significant political burden for President Trump and his party, as they seek to maintain control of Congress in the upcoming midterm elections in November.
12:34
After the CPI was released, the US stock index futures narrowed their losses, and spot gold saw a short-term increase.
BlockBeats News, June 10th, according to Bitget market data, after the CPI was announced, the US stock index futures narrowed their losses, with the Nasdaq futures currently down 0.9%, previously falling by over 1.5%. Spot gold rose by about $20 in the short term, trading at $4166.85 per ounce.
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